Chapter 378: Again Building a Position in Southern Automobile

Since Xingcheng Heavy Industry's stock is now off-limits, Chen Yang turned his attention back to the automobile sector.

After Southern Automobile lost the competition for the leading position to Yongan Automobile, it underwent several days of pullback. With Yongan Automobile's second wave of surge, Southern Automobile also rebounded, its price rising again to eleven yuan.

While Yongan Automobile, after hitting five consecutive limit-up days, pulled back for two days, then scored another three consecutive limit-up days. Its price has risen from the 7.5 yuan at which Chen Yang first bought it to 13.5 yuan, an increase of eighty percent.

Meanwhile, the five million shares Chen Yang held remained untouched, bringing total profit to 29,919,000 yuan.

Such astonishing profit explains why all kinds of capital spare no effort to create a leading stock.

Because Yongan Automobile's popularity remained red-hot, Chen Yang felt that exiting now would not affect the overall situation, so he directly sold all five million shares he held.

As soon as he acted, Lan Qiyun and Qi Yunxiang followed suit, dumping their shares and directly causing Yongan Automobile to hit a limit-down.

The turmoil at Yongan Automobile also dragged Southern Automobile down. Capital inside also rushed to sell their shares. In less than ten minutes, Southern Automobile also hit the limit-down.

Chen Yang originally intended to sell his Yongan Automobile shares and then build a position in Southern Automobile. Seeing this situation, he felt a bit uncertain, so he called Yexin.

"Sister Yexin, what's the situation with Yongan Automobile? Have you received any news?"

"No, weren't you the one who ran first?" Yexin's voice carried strong dissatisfaction.

After seeing the stock movement, she immediately called Qi Yunxiang to inquire, and was told that Chen Yang had been the first to sell his shares. Based on her understanding of Chen Yang, she was certain the automobile sector's heat was about to run out.

So she also immediately had Lan Qiyun sell all her Yongan Automobile shares.

"Big sister, I just wanted to sell my Yongan Automobile shares to build a position in Southern Automobile. Why are you reacting so strongly?" Chen Yang was speechless; the limit-up board had millions of hands in orders, and he thought selling only his fifty thousand hands wouldn't affect the overall situation. He didn't expect that, once Yexin followed suit, it would directly trigger a massive market exodus.

Yexin angrily said: "Who let you, kid, have the bad habit of deserting? I merely habitually projected your thoughts."

Chen Yang loudly protested: "Big sister, don't talk nonsense. I bought this stock and have never touched it since. As for you, you've already done T-trading several times. Speaking of running away, shouldn't you be the ones who started it?"

Yexin, annoyed, said: "You kid have been sitting idle; I thought you remained bullish on the automobile sector, so I did T-trading to expand profits. Now you suddenly leave without a greeting, I worry there may be a major change, so I chose to proactively hedge—this is not wrong."

Chen Yang sighed helplessly and said to her: "Don't you have a strategist by your side? Why not let the strategist analyze first before acting?"

Yexin said: "Lan Qiyun also thinks Yongan Automobile's heat is too high now; leaving earlier would be safer. That's why we left."

"Since you've chosen to hedge, just rest for two days!" Chen Yang, seeing Lan Qiyun support Yexin's action, also didn't want to say more nonsense.

Fortunately, Southern Automobile's price, affected by Yongan Automobile, had already fallen to 9.9 yuan, indirectly helping him lower his entry cost.

Such a good opportunity, Chen Yang didn't want to miss it, so he directly bought a large volume of Southern Automobile shares.

"You little brat, why are you hammering the keyboard so fast? Are you trying to bottom-fish?"

"Also, you just said you wanted to build a position in Southern Automobile? Is there any positive news?"

"No, I just saw that Yongan Automobile had no chance to enter, so I chose Southern Automobile."

"Hmph, then why didn't you bottom-fish Yongan Automobile?"

"Big sister, Yongan Automobile has been wrecked by you. Now a pile of capital and retail investors are desperately fleeing; even if I dumped all my account funds in, I couldn't buy it all."

"Oh, I see! Then let's help you trade Southern Automobile!"

"Fine, if you like to join the fun, come on!" Chen Yang had already bought all the thirty-thousand-hand sell orders on Southern Automobile's ask side, so he no longer worried about Yexin coming in to cause trouble.

However, Yexin's participation did not speed up Southern Automobile's rebound. By market close, the price had only risen from 9.9 to 10 yuan.

Regarding this, Chen Yang wasn't worried. Because Southern Automobile's trading volume reached as high as two billion, while outflowing funds were only one hundred million.

This shows that the funds taking over are still substantial.

Once Yexin and Qi Yunxiang finish building their positions, pushing the price up again will still be easy.

To avoid another misunderstanding, Chen Yang separately called Yexin and Qi Yunxiang, clearly telling them the automobile sector's heat had not yet faded. Don't overreact because of his actions.

After the communication, Chen Yang drove to Xingcheng Bank.

Shen Anna had already communicated with the president of Xingcheng Bank, letting Chen Yang act as guarantor for another loan of one hundred million yuan from Xingcheng Bank.

Chen Yang's current visit is just to complete the final formalities.

Upon arriving at Xingcheng Bank, Luo Zhikai and his superior were already waiting outside the lobby. After Chen Yang parked his car, Luo Zhikai immediately stepped forward and respectfully opened the car door for him.

"Mr. Chen, welcome back to Xingcheng Bank!"

Chen Yang was a little unaccustomed to this change, laughing and saying: "Old Luo, we're classmates; there's no need to be so formal, right?"

Luo Zhikai whispered: "The president instructed us to receive you with the highest standards; I dare not be negligent."

"Don't, I still like your former unruly and unrestrained self."

Chen Yang doesn't have much good feeling toward Luo Zhikai. The first time he sought a loan from Xingcheng Bank, Luo Zhikai directly blacklisted his phone number. Later, when he went with Liu Shijie to apply for a loan, he was stood up again.

Therefore, after borrowing once here under the name of the Old Hundreds Agricultural Products Trading Company, he never again accepted Luo Zhikai's business.

But now the company needs to expand its business, and he doesn't want to use too much of his own capital, which is why he changed his mind.

Of course, even choosing Xingcheng Bank wasn't because of Luo Zhikai's face; rather, among all the banks Shen Anna negotiated with, only Xingcheng Bank offered the best terms.

"Mr. Chen, in the past I judged people poorly; as an adult, you don't hold grudges against petty faults, so don't take it to heart." Luo Zhikai is a smart person; regardless of how Chen Yang views him, as long as the business is settled, the president will naturally credit him with merit.

"Old Luo, then let's get down to business!" Chen Yang fundamentally doesn't believe Luo Zhikai's words. This weathercock, if he ever falls on hard times again, will most likely turn against us.

However, after signing the contract, Luo Zhikai again divulged an important piece of information to him.

"Mr. Chen, the Zhang Group is preparing to sell that parcel of land in International New City at a dirt-cheap price of 150 million yuan; are you interested in taking it over?"